September 16, 2019

Nustar wants to handle crude oil locally

By admin

first_imgThe proposed Tesoro-Savage terminal, which would be the largest oil-by-rail facility in the Northwest, has overshadowed a smaller but significant crude oil proposal for Vancouver.NuStar Energy L.P. of San Antonio wants to handle as many as 50,000 barrels of domestic light, sweet crude a day at its Vancouver bulk terminals. By comparison, the proposed Tesoro-Savage terminal would be capable of handling 380,000 barrels a day.“This is a potential project that is still in the early stages of development,” NuStar spokesman Chris Cho said. “Our Vancouver terminal handles petrochemicals, petroleum fuels and dry bulk materials and has done so safely for decades.”Because of its much smaller scale, the NuStar proposal won’t undergo the rigorous review of the state’s Energy Facility Site Evaluation Council, which is currently evaluating the Tesoro-Savage application. EFSEC will make a recommendation to Gov. Jay Inslee on that proposal in the coming months. The governor has the final say.NuStar, which had $3.4 billion in revenue in 2013, offers bulk storage at the Port of Vancouver and an annex off Fruit Valley Road. Between the two Vancouver facilities, NuStar can store 345,000 barrels of chemicals and 433,000 barrels of petroleum products, according to company filings with the Securities and Exchange Commission.last_img